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by Thomas Sowell


  {952} “Crowned at Last,” a survey of consumer power, The Economist, April 2, 2005, p. 7.

  {953} Rita Clifton and John Simmons, Brands and Branding (London: Profile Books, 2003), p. 19.

  {954} The Urban Institute, The NonProfit Sector in Brief: Public Charities, Giving, and Volunteering, 2013 (Washington: Urban Institute, 2013), p. 2.

  {955} Peter Hitchens, The Abolition of Britain (San Francisco: Encounter Books, 2000), p. 111.

  {956} Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (New York: Modern Library, 1937), p. 718.

  {957} Gunnar Myrdal, An American Dilemma: The Negro Problem & Modern Democracy (New York: Harper & Brothers, 1944), Volume I, p. 323; Harold J. Laski, The American Democracy (New York: Viking Press, 1948), p. 480.

  {958} “Talented Black Scholars Whom No White University Would Hire,” Journal of Blacks in Higher Education, Winter 2003–2004, pp. 110–115.

  {959} Michael R. Winston, “Through the Back Door: Academic Racism and the Negro Scholar in Historical Perspective,” Daedalus, Summer 1971, p. 705.

  {960} Ben Gose, “The Companies That Colleges Keep,” Chronicle of Higher Education, January 28, 2005, p. B1.

  {961} Ibid., p. B3.

  {962} Ibid., p. B6.

  {963} Ibid., p. B5.

  {964} Matthew Kalman, “A Radical Experiment at Israel’s First Kibbutz,” San Francisco Chronicle, March 4, 2007, pp. A15, A16.

  {965} Bonner R. Cohen, “The Environmental Working Group: Peddlers of Fear,” Organization Trends, January 2004, p. 2.

  Chapter 25: “Non-Economic” Values

  {966} John Corry, My Times: Adventures in the News Trade (New York: G.P. Putnam, 1993), p. 131.

  {967} “Cutting Big Checks,” Forbes, October 8, 2007, p. 238.

  {968} “Why Welfare?” The Economist, March 13, 2004, p. 78.

  {969} “The Business of Giving,” a survey of wealth and philanthropy, The Economist, February 25, 2006, p. 4.

  {970} “Natural Disasters,” The Economist, March 29, 2014, p. 97.

  {971} “Living Dangerously,” a survey of risk, The Economist, January 24, 2004, p. 7.

  {972} Daffodil Altan, et al., “Water Profit on Tap?” San Francisco Chronicle Magazine, February 9, 2003, p. CM-11.

  {973} “Raise a Glass,” The Economist, March 22, 2003, p. 68.

  {974} “Frozen Taps,” The Economist, May 31, 2003, p. 56.

  {975} Gurcharan Das, India Unbound: The Social and Economic Revolution from Independence to the Global Information Age (New York: Alfred A. Knopf, 2001), p. 234.

  {976} John Kay, Culture and Prosperity: The Truth About Markets—Why Some Nations Are Rich but Most Remain Poor (New York: HarperBusiness, 2004), p. 139.

  {977} “Letters,” Editor & Publisher, October 8, 2001, p. 4.

  {978} David K. Shipler, “A Poor Cousin of the Middle Class,” New York Times Magazine, January 18, 2004, p. 27.

  {979} David S. Landes, The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor (New York: W.W. Norton & Company, 1998), pp. 4–5.

  {980} Holmes-Laski Letters: The Correspondence of Mr. Justice Holmes and Harold J. Laski 1916–1935, edited by Mark DeWolfe Howe (Cambridge, Massachusetts: Harvard University Press, 1953), Vol. I, p. 738.

  Chapter 26: The History of Economics

  {981} John Maynard Keynes, The General Theory of Employment Interest and Money (New York: Harcourt, Brace and Company, 1936), p. 383.

  {982} Xenophon, “On the Means of Improving the Revenues of the State of Athens,” Early Economic Thought, edited by Arthur Eli Monroe (Cambridge, MA: Harvard University Press, 1924), pp. 33–49.

  {983} St. Thomas Aquinas, “Summa Theological,” Ibid., p. 64.

  {984} Thomas Mun, “England’s Treasure by Forraign Trade,” Ibid., pp. 171, 172.

  {985} Sir James Steuart, The Works, Political, Metaphysical, and Chronological, of the Late Sir James Steuart of Coltness, Bart (London: T. Cadell and W. Davies, Strand, 1805), Volume I, p. 337.

  {986} Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (New York: Modern Library, 1937), p. 79.

  {987} Ibid., p. 250.

  {988} Ibid., p. lvii.

  {989} Ibid., p. 325.

  {990} Ibid., p. 900.

  {991} Ibid., pp. 80–81, 365; Adam Smith, The Theory of Moral Sentiments (Indianapolis: Liberty Classics, 1976), p. 337.

  {992} Adam Smith, The Wealth of Nations, p. 423.

  {993} Sir James Steuart, The Works, Volume I, pp. 4, 15, 73, 88.

  {994} Adam Smith, The Wealth of Nations, p. 435.

  {995} David Ricardo, The Works and Correspondence of David Ricardo, Volume VII: Letters 1816–1818, edited by Piero Sraffa (New York: Cambridge University Press, 1952), p. 372.

  {996} Vance Packard, The Waste Makers (New York: D. McKay, Co., 1960), p. 7.

  {997} Jean-Baptiste Say, A Treatise on Political Economy (Philadelphia: Grigg & Elliot, 1834), p. 137.

  {998} Pierre François Joachim Henri Mercier de la Rivière, L’Ordre naturel et essentiel des sociétés politiques (London: Jean Nourse, 1767), Volume II, p. 272.

  {999} George J. Stigler, Memoirs of an Unregulated Economist (New York: Basic Books, 1988), p. 93.

  {1000} Adam Smith, The Wealth of Nations, p. 28.

  {1001} Carl Menger, Principles of Economics, translated by James Dingwall and Bert F. Hoselitz (Auburn, AL: Ludwig von Mises Institute, 2007), p. 119; W. Stanley Jevons, The Theory of Political Economy, fifth edition (New York: Kelley & Millman, 1957), p. 39.

  {1002} Carl Menger, Principles of Economics, translated by James Dingwall and Bert F. Hoselitz, p. 124.

  {1003} W. Stanley Jevons, The Theory of Political Economy, fifth edition, pp. 162–163.

  {1004} Alfred Marshall, Principles of Economics, eighth edition (London: Macmillan and Co., 1925), p. 348.

  {1005} Alfred Marshall, Memorials of Alfred Marshall, edited by A.C. Pigou (New York: Kelley & Millman, Inc. 1956), p. 119.

  {1006} Ibid., p. 174.

  {1007} Ibid., pp. 418–419.

  {1008} Nikolai Shmelev and Vladimir Popov, The Turning Point: Revitalizing the Soviet Economy (New York: Doubleday, 1989), p. 172.

  {1009} J.A. Schumpeter, History of Economic Analysis (New York: Oxford University Press, 1954), p. 242.

  {1010} Francois Quesnay, The Economical Table (New York: Bergman Publishers, 1968), p. viii.

  {1011} Karl Marx, Capital (Chicago: Charles H. Kerr & Company, 1909), Volume II, Chapter XXI.

  {1012} John Kenneth Galbraith, American Capitalism (White Plains, NY: M.E. Sharpe, Inc., 1980), p. 68.

  {1013} Herbert Stein, Presidential Economics, second edition (Washington: American Enterprise Institute, 1988), p. 113.

  {1014} Thomas Sowell, “Samuel Bailey Revisited,” Economica, November 1970, pp. 402–408.

  {1015} Thomas S. Kuhn, The Structure of Scientific Revolutions, second edition (Chicago: University of Chicago Press, 1970), p. 17.

  {1016} Jacob Viner, The Long View and the Short: Studies in Economic Theory and Policy (Glencoe, IL: Free Press, 1958), p. 79.

  {1017} Karl Marx, Capital, Volume III, pp. 310–311; Karl Marx, “Wage Labour and Capital,” Karl Marx and Frederick Engels, Selected Works (Moscow: Foreign Languages Publishing House, 1955), Volume I, Section V, p. 99.

  {1018} Adam Smith, The Wealth of Nations, p. 423.

  {1019} Karl Marx and Frederick Engels, Selected Correspondence, 1846–1895, translated by Dona Torr (New York: International Publishers, 1942), p. 476.

  {1020} Joseph A. Schumpeter, “Science and Ideology,” American Economic Review, March 1949, p. 352.

  {1021} Ibid., p. 353.

  {1022} Ibid., p. 355.

  {1023} Ibid., p. 346.

  {1024} Ibid., p. 358.

  {1025} J.A. Schumpeter, History of Economic Analysis, p. 43.

  {1026} Joseph A. Schumpeter, “Science and Ideology,” American Economic Review, March 1949, p. 359.

  {10
27} John Maynard Keynes, The General Theory of Employment Interest and Money, p. 383.

  {1028} George J. Stigler, Essays in the History of Economics (Chicago: University of Chicago Press, 1965), p. 21.

  {1029} Walter W. Heller, New Dimensions of Political Economy (Cambridge, MA: Harvard University Press, 1966), pp. 1, 2, 3.

  {1030} Milton Friedman, “Have Monetary Policies Failed?” American Economic Review, Vol. 62, No. 1/2 (March 1, 1972), pp. 12, 17–18.

  Chapter 27: Parting Thoughts

  {1031} Friedrich A. Hayek, The Road to Serfdom (Chicago: University of Chicago Press, 1957), p. 239.

  {1032} Paul Johnson, The Quotable Paul Johnson: A Topical Compilation of His Wit, Wisdom and Satire, edited by George J. Marlin, et al (New York: Farrar, Strauss and Giroux, 1994), p. 138.

 

 

 


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